Acquisition will enrich value of services to collective client base
OC Tanner, an employee recognition company has announced that it has acquired Kwench, a company that delivers cutting edge corporate recognition solutions. Sunder Nookala, CEO of Kwench stated, “We are truly excited to join the O.C Tanner family and see it as a perfect meeting of minds, culture and aspirations. It is indeed a validation of India’s market potential and Kwench’s capabilities that the world’s largest recognition company has chosen to make this acquisition.” With this agreement, OC Tanner and Kwench will strengthen the global footprint of O.C Tanner by the local presence of Kwench and its team of 50 employees and technology platforms of Kwench to enrich the value of clients in the Indian market.
Dave Petersen, CEO of OC Tanner, stated. “We’ve enjoyed tremendous success with our O.C Tanner India team,and the addition of the Kwench team and technology will combine the strengths of two market leaders to help us better serve our collective client base. Further, he added, “While we’ve largely focused on multinational clients, the Kwench focus has been primarily on companies headquartered in India, so this acquisition will fuel even greater growth. We measure progress and success by how many employees and workplaces we can positively impact through our recognition programs and strategies – and we are very excited to welcome the Kwench team into our global organization.”
Offering clients solutions to deliver global best practices
O.C Tanner will utilize Kwench’s software as a Service (SaaS) technology platform to enhance its capabilities of offering clients solutions that will assist them to deliver global best practices in order to flourish at their workplace.
Zubin Zack, Managing Director of O.C Tanner India stated, “As one of the fastest-growing economies in the world, India is an exciting place for business today. Further, he added, “Employee recognition is fast evolving as a key focus area as companies fight to attract and retain the best talent. These are exciting times for Kwench and O.C Tanner to combine strengths and bring global best practices to the Indian market.”